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Ryan Detrick, chief market strategist at Carson Group, writes that recent PPI data likely puts an end to speculation about a possible Federal Reserve rate hike in July.
He adds that his team found such speculation to be unfounded and remains convinced that the Federal Reserve will keep rates on hold for the remainder of 2026.
Detrick has recently commented on sector-specific trends, noting that memory chip stocks including Micron, AMAT, WDC, and STX fell over 20% from recent highs. Earlier, he reported that a proprietary Carson Group index was forecasting rapid U.S. economic improvement. His recent remarks on Fed policy follow a series of updates on both market segments and broader economic indicators.